The outlook remains grim as we received more ingredients for a correction!

October 30. 2016

Market Review

Last week, all three major U.S. averages finished the week with a mixed performance. The Dow Jones Industrial Average managed to eke out a weekly gain, less than 0.1 percent, to close at 18,161.19. The S&P 500 decreased 0.7 percent for the week to close at 2,126.41. The Nasdaq fell 1.3 percent for the week to end at 5,190.10. Most key S&P sectors finished lower, dragged by health care. Consumer staples, utilities and financials were the only gainers. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded about 5 percent higher, near 16.1. Read more

Correction risk continued to increase last week!

October 23. 2016

Market Review

U.S. stocks finished the week with small gains. The Dow Jones Industrial Average added 0.04 percent for the week to end at 18,145.71. The S&P 500 advanced 0.4 percent from last Friday?s close to finish at 2,141.16. The Nasdaq climbed 0.8 percent over the week to 5,257.4. Most key S&P sectors finished higher, led by materials, while industrials and consumer staples ended in the red. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded lower near 13.4. Read more

Watch out! Further ingredients for a correction at hand!

October 16. 2016

Market Review

U.S. stocks finished the week with losses. For the week, the Dow Jones Industrial Average slid 0.6 percent to 18,138.38. The S&P 500 finished at 2,132.98 and posted a weekly drop of 1.0 percent. The Nasdaq declined 1.5 percent from the week-ago close to 5,214.16. Most key S&P sectors finished in the red for the week, led by health care. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 16.12. Read more

Stay alert! Evidences for correction are increasing on a fast pace!

October 08. 2016

Market Review

U.S. stocks ended the week with losses, snapping a three-week winning streak. For the week, the Dow Jones Industrial Average slid 0.4 percent to 18,240.49. The S&P 500 finished at 2,153.74 and posted a weekly drop of 0.7 percent. The Nasdaq dropped to 5,292.40 and finished the week 0.4 percent lower. Financials were the best weekly performer, while utilities dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.4. Read more

Back and forth indicates further top building into October!

October 02. 2016

Market Review

U.S. stocks finished the week with small gains. The Dow Jones Industrial Average added 0.3 percent for the week to end at 18308.15. For September, the blue-chip average finished 0.8 percent lower, but was up 2.1 percent for the third quarter. The S&P 500 eked out a small gain of 0.2 percent from last Friday?s close to finish at 2168.27. For the month, the S&P 500 finished 0.1 percent lower, but gained 3.3 percent for the quarter. The Nasdaq climbed 0.2 percent over the week to 5312.00. The heavy-tech index recorded a monthly gain of 1.7 percent, and a quarterly gain of 9.7 percent. Most key S&P sectors finished higher. Energy was the best weekly performer, while utilities dragged. The CBOE Volatility Index (VIX), widely considered the best gauge of fear in the market, traded near 13.3, down about 5.2 percent. Read more